With relevant examples, discuss the role of Information Technology (IT) as a strategic management tool for organisations in the contemporary business environment.
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- With relevant examples, discuss the role of Information Technology (IT) as a strategic management tool for organisations in the contemporary business environment.
2 .Globalisation is on the rise as many organisations increasingly involve in international businesses mainly through exporting, expanding operations to foreign markets through foreign direct investment, licensing, and more. Discuss the relevant factors organisations can analyse in a global context.
3. Discuss the benefits and limitations of microenvironment analysis.
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- Bulldogs Inc. wants to enter the global market. Which one may not be the reason in such decision? a. Essential materials and labor rates may be more expensive in other countries b. To broaden market and increase shareholder value c. production efficiency in other countries may result to economies and synergies that are favorable to the company d. To seek technologies not yet present in the home countryAnswer all sub questions 1.Ghana’s telecommunication industry has been through a lot of challenges with some companies folding out of business, this has called for a major stakeholder consultation on the way forward, key among the issues to be discussed was the business environment. Using your knowledge in management.i. Explain any five environmental issues that are likely to affect the operations of the telecommunication companies in operating in Ghana. ii. Explain the five internal environmental factors that might affect the survival of the telecoms operating in Ghana and what can be done to mitigate their impact. iii. Examine any 5 external environmental micro factors that would affect the business operations using suitable examples. iv. Discuss the role of the Mary Parker Follet in the management of businesses, using a suitable example from a well know company.Answer all questions A) With relevant examples, compare the absolute advantage theory and the Comparative Advantage theory. What lessons can be learnt from these theories? B) Understanding the beliefs, values, behaviour and material objects that together form a people’s way of life is crucial in International Business. Examine the various aspect of culture that an International Business Manger should consider and how they affect business strategy. C) In the quest to transform the Ghanaian economy, the Government of Ghana introduced the Ghana Free Zones Programme. Critically examine how this programme has added value to the economy of Ghana.
- David is reviewing the organisational structure of Afri-Fast. Afri-Fast, has functional divisionalisation. Illisatate (draw), the functional divisional structure of Afri-Fast's organisational structure, indicating only the top two management levels, specifying in each case the job title and associated person for each relevant position.create a report that achieve the following objectives:Knowledge1. Describe the international business environment in the Caribbean.2. Evaluate the environment in which international business is conducted.3. Differentiate the international opportunities and challenges facing Caribbean firms.4. Identify current issues affecting the conduct of international business, particularly forCaribbean firms.5. Evaluate the impact of globalization on strategy formulation and implementation ofCaribbean businessesSkills6. Formulate an international strategy including applying different modes of entry into aforeign market for an existing or fictitious company.7. Integrate issues of cultural and societal diversity into the international business decisionprocess.8. Develop strategies for leveraging cultural diversity into business operationsAttitudes9. Appreciate the implication of current world events for the practice of international business. choose a product from a corporation and assess the…create a report that achieve the following objectives:Knowledge1. Describe the international business environment in the Caribbean.2. Evaluate the environment in which international business is conducted.3. Differentiate the international opportunities and challenges facing Caribbean firms.4. Identify current issues affecting the conduct of international business, particularly forCaribbean firms.5. Evaluate the impact of globalization on strategy formulation and implementation ofCaribbean businessesSkills6. Formulate an international strategy including applying different modes of entry into aforeign market for an existing or fictitious company.7. Integrate issues of cultural and societal diversity into the international business decisionprocess.8. Develop strategies for leveraging cultural diversity into business operationsAttitudes9. Appreciate the implication of current world events for the practice of international business.
- 2a.Ghana’s telecommunication industry has been through a lot of challenges with some companies folding out of business, this has called for a major stakeholder consultation on the way forward, key among the issues to be discussed was the business environment. Using your knowledge in management, explain any five environmental issues that are likely to affect the operations of the telecommunication companies in operating in Ghana, explain the five internal environmental factors that might affect the survival of the telecoms operating in Ghana and what can be done to mitigate their impact, and also examine any 5 external environmental micro factors that would affect the business operations using suitable examples. b.. AIT students have presented a petition to the management of AIT on the need to address lecture location issues, the university is considering three options, the setting up of satellite campuses, the provision of shuttle buses and the use of online teaching platform and…What recommendations would you make to Auchan’smanagement for the future of their global business?How can (1) franchising and (2) mergers help to continue growth in foreign markets and to create long-term value that would lead to the realization of the MNC's organizational goals?
- McDonald’s Global Compensation Practices: This feature explores McDonald’s efforts to develop a global compensation and performance appraisal strategy. McDonald’s, which has over 400,000 managers and senior employees working in 118 different countries, wants its new program to provide some standardization of compensation and performance appraisal for the firm, but at the same time, allow subsidiaries to tailor the program to local market conditions. Discussion Questions 1. What does McDonald’s hope to gain from having a global compensation and performance appraisal system in place? 2. How does the compensation and performance appraisal system introduced at McDonald’s allow managers to take local market differences into account? Why is this type of approach important to employees? 3. How does McDonald’s approach help the company to consider local differences when reviewing the performance of different country managers and awarding bonus pay?Understanding the environments of international business moves managers to mind the world’s static as well as changing dimensions. For example, political geography is concerned with the study of both the spatially uneven outcomes of political processes and the ways in which political processes are themselves affected by spatial structures. Likewise, economic geography is the study of the location, distribution, and spatial organization of economic activities across the earth. More precisely, Economic geography applied a variety of approaches to many different subject matters, including the location of industries, economies of agglomeration (also known as "linkages"), transportation, international trade, development, real estate, gentrification, ethnic economies, gendered economies, core-periphery theory, the economics of urban form, the relationship between the environment and the economy, and, yes, as you would expect, the matter of globalization. Both good and bad, we see intriguing…Contemporary international business approaches appear to take a different stand fromtraditional international business approaches. In traditional international business, competitorsare viewed as rivals and MNCs need to strategise to counter industry rivalry. However,contemporary international business views competitors as allies and, in fact, MNCs areadvised to form strategic alliances with their competitors. This shift in paradigm has createdmany possibilities and opportunities for MNCs. The continuous economic growth in the AsiaPacific region is presenting tremendous opportunities for MNCs in the region. MNCs observenew shifts as a means to capitalize on new opportunities because these shifts reflect newinternational business opportunities in the 21st century. Discuss, with examples, any FIVE (5) emerging shifts in international business in the 21st century.Your answer should cover the impact of Artificial Intelligence (AI) in International Business.